For Sale Price: $74,000

Profile

Description:

Hire and sales of mannequins and racks

Price $74,000 – negotiable

Profit including vendors wage – working approximately 20 – 25 hours per week

Profit – $50,000 2020 FY
Profit – $80,000 2019 FY

This is a niche & unique opportunity to purchase a business that sells and hires mannequins, racks and other storage and display equipment.

Recently the business underwent some changes including;

Moved to a new premises with only $815 rent per month (inc. insurance).
Figures have majorly turned around since restrictions lifted
Still lots of stock to handle all kinds of hire jobs
Van has been registered for another year until February 2022

Great potential in many areas:

2nd hand and sales market (something the current owner doesn’t have time to do)
Approaches to Film and TV Industry
Hiring to weekend markets, fairs and festivals (become a preferred supplier)
Expand into more purchases – Sell to major department stores etc

* Very niches business
* Established 1982
* Hugely diversified client base across many industries including fashion shows, movies, Olympic uniform displays etc
* Minimal amount of time spent working in the business (20-25 hours per week.)
* Very steady business model with good cashflow
* Excellent profit margin
* Not much to do other than take orders, deliver and pick up

$20,000 Current stock level, fittings and recently re-registered vehicle
$34,000 Value of websites, domain names, social media sites, intellectual property and phone number
$20,000 Goodwill. 30+ years of continuous trading. (Current owner since 2014) Business reputation and potential future growth as the economy recovers from Covid

The vendor will offer the right buyer handover and training period.

For more information contact Rad Benicky on 0411 610 005 or email [email protected]

Financials

For Sale Price: $74,000

Long financials: 3 years

Turnover: $100,000

Net Profit: $50,000

Period: Annualy

Rent: 9780 p/m

Staff: Vendor works approx. 20 hours per week

Stock: $0

Broker

Broker:

Rad Benicky 0411 610 005

To express interest in this business, please complete this Register Interest form and we will contact you.

Confidentiality Agreement

For a detailed business profile complete this Confidentiality Agreement:

Provider of Confidential Information:

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Pear Business Brokers Pty Ltd ABN 28 084 390 125 t/as Core Business Brokers
in its capacity as agent of its named or unnamed principal
Suite 1A, Level 2, 802 Pacific Highway, Gordon 2072
Phone (02) 9413 2977 Fax (02) 9413 3818 Email: [email protected]

Recipient of Confidential Information:

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Recipient will use the Confidential Information only for the purpose of analysing such information so as to make an informed decision as to a proposed purchase of part of the assets of a business, the whole business or the sale of shares in the business/es referred to above or any new businesses introduced to you in future.

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Signed by the recipient named above in accordance with section 127 of the Corporations Law:

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General Terms

1. When must we disclose the information to you?
1.1 We must make that part of the confidential information available to you that we consider in our sole discretion to be necessary for you to carry out the project.
1.2 The confidential information always remains our property. This agreement does not give you any right, title or interest in it. We make no warranty as to the accuracy, content, legality or completeness of the confidential information.

2. How must you treat it?
2.1 You must use the confidential information only for the permitted purpose. You must not use or exploit it for your own benefit or for any other purpose, or allow any other person to do so without our written consent.
2.2 You must not disclose it, and must ensure that your employees, contractors and agents do not disclose it to any other person except as required to carry out the project and then only on a confidential basis. You will, on our request, arrange for such persons to execute confidentiality undertakings in our favour that they are bound by this agreement as if a party to it.
2.3 You must take reasonable steps to protect the confidential information and keep it secure from unauthorised persons.
2.4 You must inform us immediately if:
(a) You become aware or suspect that there has been a breach of these obligations; or
(b) You are required to disclose the information by law.
2.5 At the end of the project or if we ask for it earlier, you must return the confidential information, and all copies, notes and memorandums relating to it, to us as we direct.
2.6 You do not have to treat as confidential information
(a) Which is or comes into the public domain, except information that is or becomes so because it has been disclosed without authority; or
(b) Which is lawfully known to you before the date of this agreement; or
(c) Which is or becomes available to you from another person who is in possession of it lawfully and can disclose it to you on a non-confidential basis; or
(d) Which you are required by law to disclose but you must seek to limit that disclosure in any way we reasonably request.

3. Indemnity
3. You indemnify us against all loss, damage, expense and costs arising because you do not observe the conditions of this agreement for any reason.

4. Duration
4. Your obligations under this agreement continue after the project ends.

5. General
5.1 We do not enter into this agreement in our personal capacity but only in our capacity as agent of our named or unnamed principal.
5.2 This agreement contains the entire agreement between you and us and takes the place of all other statements about the confidential information.
5.3 This agreement may be varied only if you and we agree in writing.
5.4I f we do not exercise a right at any time in connection with a default under this agreement, this does not mean that we have waived the right or cannot exercise it later.
5.5 This agreement is governed by the laws of New South Wales. You and we submit to the non-exclusive jurisdiction of its courts and courts of appeal from them.
5.6 By signing this agreement you permit us to add your details to our database and authorise us to communicate with you from time to time regarding new business opportunities.

We means the provider named on page 1.
You means the recipient named on page 1.

NOTE: Agreement hereto confirms that I have read and accepted the terms.*

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Broker:

Rad Benicky 0411 610 005

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Hire And Sales Of Mannequins And Racks